American Software USA, Inc., 470East Paces Ferry Road, Atlanta, Georgia 30305 BOARD OF DIRECTORS LOGILITY, INC. DISTRIBUTION LIST
Exhibit 10.2
July 17, 2007
To the Board of Directors of Logility, Inc.
| Re: | Notice of Election to Extend Term of Stock Option Agreement |
Gentlemen:
I attach a copy of the Stock Option Agreement dated as of August 7, 1997 between American Software, Inc. and Logility, Inc., which provides a means by which American Software is assured that it will be able to maintain ownership of at least 80% of the common stock of Logility, Inc.
Under that Agreement, American Software, Inc. has the right to extend the initial ten-year term for additional, successive ten-year terms. By this letter, I am giving notice, on behalf of American Software, Inc., that American Software, Inc. is hereby exercising this right to extend the term of the Stock Option Agreement for a period of ten years, so that it will expire August 7, 2017, subject to further extension rights under the terms of the Agreement.
Sincerely,
| /s/ James C. Edenfield |
| James C. Edenfield |
| President & CEO |
JCE: csm
pc: file
attach.
American Software USA, Inc., 470 East Paces Ferry Road, Atlanta, Georgia 30305
BOARD OF DIRECTORS
LOGILITY, INC.
DISTRIBUTION LIST
| James C. Edenfield, President | Dr. John A. White | |
| American Software, Inc. | P.O. Box 4218 | |
| 470 East Paces Ferry Road, N.E. | Fayetteville, AR 72702 | |
| Atlanta, GA 30305 | ||
| J, Michael Edenfield, President | Frederick E. Cooper, Esq. | |
| Logility, Inc. | Chairman | |
| 470 East Paces Ferry Road, N.E. | Cooper Capital, LLC | |
| Atlanta, GA 30305 | 170 West Paces Ferry Road, N.W. | |
| Atlanta, GA 30305 | ||
| Parker H. Petit | ||
| Chairman of the Board | ||
| Matria Healthcare | ||
| 1850 Parkway Place, 12th Floor | ||
| Marietta, GA 30067 | ||
American Software USA, Inc., 470 East Paces Ferry Road, Atlanta, Georgia 30305
